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NEWS
August 9, 2011
Fuel refiner and seller Sunoco Inc., of Philadelphia, said it will repurchase up to $500 million of its outstanding common stock. Chief executive Lynn L. Elsenhans called the move an "appropriate and strategic use of the company's cash while still allowing the flexibility to continue pursuing growth in our retail and logistics businesses. " Shares closed up $1.17, or 3.91 percent, to $31.11. As of June 30, Sunoco had approximately 121.6 million shares outstanding.    - Reid Kanaley
NEWS
June 22, 2000 | YONG KIM/ DAILY NEWS
A yellow cloud of gritty material from the Sunoco oil refinery blankets South Philadelphia last night. It caused burning eyes and coughing, but company officials said the dust from the 3 p.m. venting posed no threat to residents.
BUSINESS
April 17, 2009 | By Harold Brubaker INQUIRER STAFF WRITER
Sunoco Inc. said yesterday that it was selling its Tulsa, Okla., oil refinery to Holly Corp. for $65 million. The Tulsa refinery, with the capacity to process 85,000 barrels of crude oil a day, is the smallest of Sunoco's five refineries, which include three in the Philadelphia area. The deal is expected to close June 1, pending regulatory approvals, Philadelphia-based Sunoco said. The sale comes at a time when some analysts expect refiners to close some of the smaller U.S. refineries because demand for gasoline and other refined products is down.
BUSINESS
January 23, 2004 | By Harold Brubaker INQUIRER STAFF WRITER
Lower-than-expected profit margins in refining and a 25-day maintenance shutdown at its South Philadelphia refinery caused Sunoco Inc.'s fourth-quarter refining profit to fall by more than half, to $20 million from $48 million, the company reported yesterday. On the news, the Philadelphia company's shares gave back little of the more than $20 they had gained since August, falling 1 percent, to $56.07. Shares in independent petroleum refiners are at a cyclical peak, with many analysts seeing them headed into a period of strong profit because of, among other factors, clean-fuel regulations that tighten supply.
BUSINESS
February 27, 2009 | By Jeff Gelles INQUIRER STAFF WRITER
As Sunday's expiration of their contract with Sunoco Inc. nears, workers at the company's Philadelphia and Marcus Hook refineries yesterday stepped up efforts to protest staffing cutbacks they say will endanger workers and nearby neighborhoods. Several hundred refinery workers rallied outside Philadelphia's City Hall, then marched to Sunoco's headquarters. Union officials said they presented petitions against the cutbacks signed by about 2,000 people who live near the refineries.
SPORTS
July 10, 2008 | By BILL FLEISCHMAN For the Daily News
Think it's a snap supplying racing fuel to NASCAR's teams? For Philadelphia-based Sunoco, now in its fourth year as NASCAR's official fuel, it takes extensive planning. "Our planning begins months ahead of the event," Thomas Golembeski, Sunoco's manager of media and public relations, said this week. "Once the fuel gets onto the dedicated fleet of Sunoco tankers, there's a strict chain of custody from the moment the fuel leaves the plant until it arrives at the track. "There are about 100 people on regional crews that oversee that process.
BUSINESS
June 29, 1999 | By Joseph N. DiStefano, INQUIRER STAFF WRITER
Sunoco is urging summer travelers to get "pumped up. " But investors in the century-old Philadelphia petroleum processor haven't had a lot to celebrate lately. The U.S. oil refining and marketing industry is in a funk. Gasoline prices have been rising more slowly than crude oil costs, and that squeezes gas merchants such as Sunoco. This is, as chairman Robert H. Campbell puts it, "a tough, dog-eat-dog business. " At a Philadelphia Securities Association luncheon last week, he admitted Sunoco won't meet its 15 percent earnings-growth target this year.
NEWS
May 10, 2009 | By Lini S. Kadaba INQUIRER STAFF WRITER
Workers spent much of yesterday cleaning up a gasoline leak at a Sunoco storage facility in Upper Chichester that has affected aquatic life in a tributary to Marcus Hook Creek, a spokesman for the state Department of Environmental Protection said. A witness driving by the scene at 11:30 p.m. Friday noticed a "geyser of gasoline" gushing from the Sunoco pump station on Route 322 in Twin Oaks and notified authorities, DEP spokesman Dennis Harney said. He said officials estimated that thousands of gallons of gasoline had spilled.
NEWS
January 18, 2012
Sunoco Inc., distributed 56.7 million shares of SunCoke Energy Inc. to its shareholders, completing the spin-off of its metallurgical coke subsidiary. Sunoco no longer owns any shares of SunCoke. Sunoco shareholders received 0.53046456 share of SunCoke common stock; each fractional share was worth $6.82 at the market close on Wednesday. Sunoco shares closed Wednesday at $37.07. That means the value of a Sunoco shareholder's investment in the two companies increased about 3.7 percent in trading Wednesday on the New York Stock Exchange.
NEWS
August 5, 2011
Sunoco Inc. said it has acquired leasehold interests in 14 convenience store locations in central Pennsylvania from the Shipley Group, a private York, Pa., company that operates the outlets as Tom's Stores. Terms were not disclosed. The Philadelphia refiner, which is shifting its focus from manufacturing to retailing, expects to convert the outlets to the Sunoco and APlus brands by the end of 2011. The stores are in Adams, Cumberland, Lancaster, Perry and York Counties.
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BUSINESS
April 5, 2014 | By Andrew Maykuth, Inquirer Staff Writer
An elaborate plan by Sunoco Logistics Partners L.P. to transport Marcellus Shale natural gas liquids by pipeline across Pennsylvania to Marcus Hook is running into resistance. The company's subsidiary, Sunoco Pipeline L.P., last month filed an application with the Pennsylvania Public Utility Commission to sidestep local zoning restrictions to build pump and valve control stations in 31 municipalities crossed by the pipeline. Sunoco Pipeline argues that it is a "public utility corporation," and that the PUC can exempt the construction of the above-ground structure from local zoning if it determines the buildings are "reasonably necessary for the convenience or welfare of the public.
BUSINESS
March 7, 2014 | By Andrew Maykuth, Inquirer Staff Writer
Pennsylvania is seeking $2.4 million in civil penalties against Sunoco Logistics Partners for alleged Clean Streams Law violations related to a November 2008 spill of 12,000 gallons of gasoline near Pittsburgh. The spill in Murrysville, Westmoreland County, killed virtually all the aquatic life in a three-mile stretch of Turtle Creek, according to a complaint filed Friday by the Department of Environmental Protection with the Environmental Hearing Board. The DEP said a valve in the company's eight-inch pipeline ruptured shortly after a maintenance crew worked at the site, near a strip mall on Route 22. The rupture unleashed a 20- to 30-foot geyser of gasoline.
NEWS
February 5, 2014 | By Walter F. Naedele, Inquirer Staff Writer
Gerald J. DeFelicis, 86, of Haddon Township, a former commissioner there who retired in 1984 as a vice president of information systems at what is now Sunoco, died of complications from kidney failure Friday, Jan. 31, at Our Lady of Lourdes Medical Center in Camden. In retirement, Mr. DeFelicis, known as "Jerry," was a director of the former Community National Bank in Haddon Township from its founding in 1987 until 1998, daughter Thea McGovern said. He had been a director of First Colonial Community Bank in Collingswood since its founding in 2000.
NEWS
January 27, 2014 | By Angelo Fichera, Inquirer Staff Writer
WEST DEPTFORD Demolition crews blew up a 65-year-old refinery building in West Deptford on Saturday, startling South Jersey residents who heard the explosions. Some residents took their curiosity and alarm to social-media sites, seeking answers to "What was that?" Heavy demolition began at 9 a.m., said Jeff Shields, a spokesman for Sunoco, which owns the "fractionator" building. The structures were soon leveled, he said, and the work presented no danger to residents. "You had some blasts that destabilized the structure, and then they collapsed on themselves," he said.
NEWS
January 22, 2014 | BY WILL BUNCH, Daily News Staff Writer bunchw@phillynews.com, 215-854-2957
IT COULD HAVE been worse - a lot worse. None of the seven CSX cars - six of them loaded with volatile crude oil - that derailed on the 128-year-old rail bridge over the Schuylkill between University City and Grays Ferry about 12:30 a.m. yesterday fell onto the busy expressway, which would have risked a fiery conflagration. And none of the oil-laden tanker cars - criticized by experts and environmentalists as too easy to rupture - broke open and spilled into the waterway as they tilted precariously, although the Coast Guard rushed a boat to the scene and placed booms across the river just in case.
BUSINESS
December 19, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
Two major companies are planning moves - one of personnel within the region, one out of the Philadelphia region for the most part. Shrunken Sunoco Inc. is moving chief executive Robert Owens ' office and other headquarters jobs from the company's leased space at the Airport Business Complex in Lester, Tinicum Township, across Delaware County to two buildings the energy company has purchased at the Ellis Preserve development in...
NEWS
December 11, 2013 | BY WILL BUNCH, Daily News Staff Writer bunchw@phillynews.com, 215-854-2957
AT 1:14 A.M. JULY 6, a warm Saturday morning, a runaway train carrying 35,000 barrels of crude oil from North Dakota careened into the small Quebec town of Lac-Megantic. The wreck sent what one witness called "a tsunami of fire" into a packed nightclub, killing 47 people, five of whom were so badly incinerated that no trace of them could be found. And the shock waves were felt in Philadelphia, more than 500 miles away. Just three months earlier, South Philly's former Sunoco refinery, rebranded as Philadelphia Energy Solutions, had begun accepting more-than-a-mile-long trains, each with more than 100 of the same model tanker car that went to Lac-Megantic, each filled with the same North Dakota crude.
BUSINESS
December 10, 2013 | By Jane M. Von Bergen, Inquirer Staff Writer
On Saturday, Philip Rinaldi dug into a plate of linguine Alfredo served at a South Philadelphia union banquet hall, where the chief executive officer of Philadelphia Energy Solutions L.L.C. was among the guests of honor. At the banquet, Rinaldi received an award from United Steelworkers Local 10-1 for saving the jobs of hundreds of their members last year. His company bought refineries in South Philadelphia from Sunoco Inc. after it said it was getting out of the oil-refining business and selling - or shutting - its 1,500-acre facility on the Schuylkill.
BUSINESS
December 6, 2013 | By Andrew Maykuth, Inquirer Staff Writer
Sunoco Logistics Partners L.P. announced on Wednesday it is seeking commitments from shippers for a separate and mostly new pipeline that would generally follow the path of its current cross-state Mariner East pipeline, which carries natural-gas liquid fuels from the Marcellus Shale region to Marcus Hook. The binding open season will test whether there is a market for project, which would be called Mariner East 2 and transport ethane and propane. The materials, primarily used in petrochemical production, are being exported from the former refinery site in Marcus Hook.
NEWS
September 30, 2013 | By Matt Katz, Inquirer Trenton Bureau
On a brisk and sunny January day, in front of an oil refinery's circular white storage tanks, at the intersection of two of South Jersey's busiest roadways, Steve Sweeney embarked on a political odyssey unlike anything the state had ever seen. His goal, he told reporters gathered for his news conference, was to use his powers as the state Senate president to make sure the large refinery behind him finally got cleaned of contamination. But Sweeney wasn't just standing at a rundown refinery as New Jersey's highest elected Democrat, whose on-again, off-again relationship with Republican Gov. Christie affected statewide policy.
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